1048 G St · Pawnee City, NE 68420

$117,500

2 bd · 1.0 ba · 1,176 sqft · SingleFamily public records · 114 Days on market

Built 1900 0.28 ac lot $100/sqft · 65% above area ↓ 6% since listing

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +17.3/30.0
• ARV discount +7.5/15.0
• DSCR +5.4/10.0
• Appreciation +5.3/10.0
• Schools +3.6/10.0
• Livability +3.6/5.0
• 1% rule +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This well-maintained, move-in ready home at 1048 G Street in Pawnee City offers 1,176 square feet of single-level living space plus an attached one-stall garage. The home features 3 bedrooms and 1 bathroom. Situated on two large lots, the property provides extra outdoor space and flexibility. Recent updates include a new roof, new flooring, and new windows on the north side of the home completed in 2021, new gutters in 2020, and brand-new siding in 2025. Additional improvements include newer light fixtures along with updates to the kitchen and living room. The home is equipped with central heat and air and includes a small unfinished basement that houses the furnace and hot water heater. With numerous updates already completed, this property offers a solid combination of practicality, efficiency, and affordability and is ready for its next owner to move in and enjoy.

Key facts

• New flooring
• Two large lots
• New gutters

Tags

• MOVE IN READY
• TWO LARGE LOTS
• NEW ROOF
• NEW FLOORING
• NEW WINDOWS
• NEW GUTTERS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $118k.

Deal economics

• At list price, monthly cash flow is $86 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $100k (14.8% below list).
• Recommended offer: $100k (14.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 71/100 on livability (#198 in NE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, amenities F, commute F.
• Pawnee City Public Schools (rural): math 45% / reading 35% proficiency, ranked #217 of 245 in NE (top 89%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Pawnee City Elementary Sch (math 42% / reading 37%, grade F, #346 of 502 statewide, top 74%, 151 students, 58% FRL); Pawnee City Secondary School (math 37% / reading 37%, grade F, #201 of 261 statewide, top 78%, 117 students, 54% FRL) — zoned schools average 56% FRL vs 37% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 15 active listings in the ZIP; 2 units permitted in Pawnee County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($812 loan paydown + $715 appreciation (0.6% local appreciation)).
• At projected returns (0.6% appreciation + 3.0% rent growth), your $33k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 114 days — a 9% lower offer ($107k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $100,128 (14.8% below list)

Questions for the listing agent

1. It's been on market 114 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.85% ✗
• Cap rate: 7.17%
• Cash-on-cash: 3.15%
• DSCR: 1.14
• GRM: 9.8

CMA / ARV

• ARV (median comp): $71,084
• List price: $117,500
• Delta: 65.30%
• Verdict: OVERPRICED
• Comps: 10 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1228 F St	0.14mi	2/1.0	1,080 (-8%)	6mo	$72,300	$67	74
1300 H St	0.17mi	3/1.0 (+1)	1,305 (+11%)	15mo	$55,000	$42	56

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.61% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 3.3%
• Equity multiple: 1.16×
• Total profit: $5,409
• Equity at exit: $37,740

10-year hold

• IRR: 8.1%
• Equity multiple: 1.94×
• Total profit: $30,941
• Equity at exit: $48,366

Cash invested: $32,900 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Nebraska: 83 Strongly Landlord-Friendly · R+13
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempted; moderate court pace.

Methodology + full state rankings →

ZIP-level market 68420

• Home prices YoY: 0.3%
• Active inventory: 15
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,001 medium
• Mortgage (P&I): −$616
• Tax from tax record: −$40 /mo · $475/yr
• Insurance: −$49
• HOA: −$0
• Vacancy / Maint / Mgmt: −$210
• Net cashflow: $86

Break-even live

Break-even rent $892

Max offer price $117,500

Occupancy floor 86%

Sensitivity live

Price	-10% $153	-5% $120	+0% $86	+5% $53	+10% $20
Rent	-10% $7	-5% $47	+0% $86	+5% $126	+10% $165
Rate	-1.0pp $145	-0.5pp $116	base $86	+0.5pp $56	+1.0pp $25

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $29,375
• Closing costs: $3,525
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-05-13
   status Pending 879-char remark

   Show marketing remark (879 chars)

   This well-maintained, move-in ready home at 1048 G Street in Pawnee City offers 1,176 square feet of single-level living space plus an attached one-stall garage. The home features 3 bedrooms and 1 bathroom. Situated on two large lots, the property provides extra outdoor space and flexibility. Recent updates include a new roof, new flooring, and new windows on the north side of the home completed in 2021, new gutters in 2020, and brand-new siding in 2025. Additional improvements include newer light fixtures along with updates to the kitchen and living room. The home is equipped with central heat and air and includes a small unfinished basement that houses the furnace and hot water heater. With numerous updates already completed, this property offers a solid combination of practicality, efficiency, and affordability and is ready for its next owner to move in and enjoy.

2. 2026-04-17
   price $117,500 879-char remark

   Show marketing remark (879 chars)

   This well-maintained, move-in ready home at 1048 G Street in Pawnee City offers 1,176 square feet of single-level living space plus an attached one-stall garage. The home features 3 bedrooms and 1 bathroom. Situated on two large lots, the property provides extra outdoor space and flexibility. Recent updates include a new roof, new flooring, and new windows on the north side of the home completed in 2021, new gutters in 2020, and brand-new siding in 2025. Additional improvements include newer light fixtures along with updates to the kitchen and living room. The home is equipped with central heat and air and includes a small unfinished basement that houses the furnace and hot water heater. With numerous updates already completed, this property offers a solid combination of practicality, efficiency, and affordability and is ready for its next owner to move in and enjoy.

3. 2026-01-19
   listed $125,000 New 879-char remark

   Show marketing remark (879 chars)

   This well-maintained, move-in ready home at 1048 G Street in Pawnee City offers 1,176 square feet of single-level living space plus an attached one-stall garage. The home features 3 bedrooms and 1 bathroom. Situated on two large lots, the property provides extra outdoor space and flexibility. Recent updates include a new roof, new flooring, and new windows on the north side of the home completed in 2021, new gutters in 2020, and brand-new siding in 2025. Additional improvements include newer light fixtures along with updates to the kitchen and living room. The home is equipped with central heat and air and includes a small unfinished basement that houses the furnace and hot water heater. With numerous updates already completed, this property offers a solid combination of practicality, efficiency, and affordability and is ready for its next owner to move in and enjoy.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NE · Resets to sale price

• Current annual tax: $475 · $40/mo
• Projected year-2 tax: $2,033 · $169/mo
• Expected delta: +$1,557/yr (+$130/mo · 327.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,015
• − Mortgage interest: −$6,582
• − Property taxes: −$475
• − Insurance: −$588
• − Repairs & maintenance: −$961
• − Management: −$961
• − Depreciation: −$3,418
• Taxable loss: −$970
• Est. tax savings @ 24.0%: +$233
• After-tax cash flow: $1,268/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Pawnee City Public Schools
• NCES district ID: 3175330
• Math proficiency: 45% ▬ 0.00%
• Reading proficiency: 35% ▬ 0.00%
• Median HH income: $39,614
• Composite: 35.95/100
• National rank: #9554
• State rank: #217 of 245 in NE

Livability — Pawnee City

• Score: 71/100
• State rank: #198
• US rank: #6994

Category grades

Amenities F Commute F Cost of living A+ Crime C- Employment F Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pawnee City, NE
• Population (ZIP): 1,230

Population outlook (Pawnee County) Hauer SSP2

• Today (2025): 2,539 people
• By 2030: 2,502 · -1.5%
• By 2040: 2,469 · -2.8%
• By 2050: 2,483 · -2.2%
• By 2075: 2,664 · +4.9%
• By 2100: 2,631 · +3.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Slovak 3% Iranian 1% Romanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · German/W. Germanic 1% Arabic 1% Spanish 1%

Political lean MEDSL · Pawnee

• 2024 margin: Solid R (+58.1) · D 20.6% · R 78.7%
• 2008→2024 swing: -30.9pp toward R · 2008: -27.2pp · 2024: -58.1pp
• All cycles: 2024: R+58.1 2020: R+52.4 2016: R+52.6 2012: R+37.7 2008: R+27.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.61%
• Current HPI: 202.1247
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 0.68%
• F500 in state: 2

Industry mix (Fortune 500 HQ in NE)

Industry	F500 HQs	Revenue
▸Conglomerate	1	$371B

Price history

-6.0% since first listed

3 events — show timeline

• 2026-05-13 Pending — GPRMLS
• 2026-04-17 Price Changed $117,500 GPRMLS
• 2026-01-19 Listed $125,000 GPRMLS

Property tax history

+2.6%/yr

Latest (2025): $475 · +15.2% YoY. Source: county tax records.